Rep. Ted Budd, R-N.C., is cosponsoring a bill that would create an interagency task force led by the Treasury secretary to research financial crimes and terrorism, including those using cryptocurrency. (Bill Clark/CQ Roll Call file photo)
The House is expected to take up and pass a trio of bills that focus on cryptocurrency’s ability to facilitate illicit activities.
The three bills were introduced in the last Congress and easily passed the full House with bipartisan support before stalling in the Senate. Two of the bills center on how new financial technology, or fintech, could be used by terrorists, and the third looks at fintech’s use in sex and drug trafficking.